Financial crisis panel suffers partisan breakdown

Published



When the Financial Crisis Inquiry Commission blew past its congressionally mandated Dec. 15 deadline to issue its report explaining the origins of the Great Recession of 2008, the panel’s Democratic majority unilaterally decided to complete its work by a date yet to be determined in January. By effectively ignoring the very law that created it, the commission majority exemplified the irresponsible approach of the 111th Congress to virtually every issue it addressed, including Obamacare, the economic stimulus and passage of a federal budget. As happened in Congress in 2009 and most of 2010, the Democratic majority running the FCIC did as it pleased, with little input from the four Republican members.

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